Rentokil Initial Q1 Profit Drops 11.7%

Rentokil Initial PLC (OTC: RTOKY ) reported an 11.7% fall in its Q1 pretax profit. Rentokil Initial's quarterly pretax profit dropped to 21.1 million pounds, from GBP25.7 million, in the year-earlier period. Its revenue rose to GBP560.4 million from GBP543.2 million, while adjusted pretax profit declined to GBP32.1 million from GBP34.3